Cathie Wood bet on SpaceX against Tesla on IPO day
Cathie Wood reshaped ARK's portfolio: on SpaceX's market debut day the fund bought SPCX shares worth about $444 million and at the same time cut its position in Tesla. Both companies belong to Elon Musk, but Wood's priorities shifted. The trades took place on June 12, on SpaceX's IPO day: the securities rose 19%, and














